Major Companies Investment in Tamil Nadu Global Investors Meet
The Tamil Nadu Global Investors Meet in Chennai has seen a surge in investments from major companies. The TN government is aiming to attract an impressive Rs 5 lakh crore in investments this year.
Tata Electronics, a leading company, has committed to investing a whopping Rs. 12,082 crores in expanding its smartphone and electronic component manufacturing facility in Krishnagiri district. This expansion is expected to create job opportunities for 40,500 individuals.
Pegatron, a prominent Taiwanese electronics manufacturer, has also announced a substantial investment of Rs. 1000 crores for expanding its manufacturing base in Chengalpattu District. This expansion will focus on computing, communications, and consumer electronics, offering employment opportunities to 8000 people.
Other notable investments include JSW Energy’s plan to expand its presence in Thoothukudi and Tirunelveli districts with an investment of Rs. 10,000 crores, TVS Group’s expansion in the automobile, realty, and IT sectors with an investment of Rs. 5,000 crores, and Hyundai’s initiative to establish ICE & EV passenger car and EV battery manufacturing units in Kacheepuram District with an investment of Rs. 6180 crores. Mitsubishi Electric India has also committed to expanding its AC manufacturing facility in Gummidipoondi with an investment of Rs. 250 crores, focusing on employing 60 percent women.
The Tamil Nadu Global Investors Meet has set the stage for significant economic growth and employment opportunities in the region.